Posted on 03.02.23

Owners of Stamford’s Lofts at Yale & Towne sue BLT, saying developers knew it was unsafe when they sold it

Source: https://www.stamfordadvocate.com/, February 28, 2023
By: Jared Weber

The owners of Stamford’s historic lock factory — which may be headed for demolition — has filed a wide-ranging lawsuit claiming they were deceived into purchasing the property.

Manhattan-based GAIA Real Estate has sued South End developer Building and Land Technology, the city of Stamford and multiple other entities over their handling of the Lofts at Yale & Towne. GAIA bought the factory-turned-apartment building around October 2016 from BLT. Read more.

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